Cadbury Nigeria reports N861.28m quarterly loss

Cadbury Nigeria Plc has reported a loss before tax of N861.28 million for the second quarter ended June 30, 2021, compared to N146.11 million in the same period of 2020.

Its revenue, however, rose to N9.60 billion from N7.36 billion, according to its unaudited financial statements.

The company’s cost of sales jumped to N8.91 billion in Q2 2021 from N6.34 billion in the same period a year earlier while its selling and distribution expenses increased to N1.38 billion from N887.13 million.